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System Integration Market Outlook 2024 By Key Players: HCL Technologies, HP, Huawei Technologies, IBM, Infosys, Oracle, NTT DATA Services, Fujitsu Global, Unisys, VCE, GTL Limited, Accenture, Capgemini, Cisco, CSC, Dell, Deloitte, Dell EMC

01-18-2019 07:26 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

System Integration Market

System Integration Market

System Integration Market size was estimated at over USD 250 billion in 2016 and is predicted to grow at 6% CAGR from 2017 to 2024. With the need to create a smooth coordinated system and enhance the efficiency of their existing system integrators, numerous business organizations have been reaching out to the system integration industry players. As these organizations are readily impacted by altering technological trends such as IoT and big data management software, the business procedures need to be highly optimized and integrated. Consequentially, owing to the aforementioned factors, the system integration market is forecast to accrue a humongous remuneration of around USD 450 billion by 2024, as per latest report by Global Market Insights, Inc.

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System Integration Market in U.S. is anticipated to dominate during the forecast timeframe owing to the high proliferation of advanced technologies such as data centers and cloud-based infrastructure. Favorable conditions in the U.S., such as a highly developed broadband infrastructure and the high penetration of automation and virtualization, are contributing to the large market size of the region.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• CSC
• AGC Networks Ltd.
• Amergy
• ASI System Integration
• BERICON
• Capgemini
• CGI Group
• Cisco Systems Inc.
• Accenture
• Dell Inc.
• Deloitte
• EMC Corporation
• Fujitsu Ltd
• GTL Limited
• HCL Technologies Limited
• Hitachi Ltd
• Hewlett-Packard
• Huawei Technologies Co
• IBM Corporation

The industrial boom in the Asia Pacific region, primarily in economies including India and the Philippines, is a major factor driving the growth of the market in this region. Furthermore, government initiatives, such as the Made in China 2025, are supporting the growth of SMEs and locally-produced technologies and services are fueling the growth. The low costs of raw materials, such as labor, electricity, and raw materials, are causing foreign players to outsource their activities such as consulting and business knowledge processing to players operating in the region.

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System integration market by service indicates that the consulting segment is anticipated to witness a higher growth during the forecast timeframe. These services allow business owners to understand their requirements pertaining to the architecture and business process, help in staying ahead amidst the changing technological landscape, in testing and deployment, and in developing a business continuity and disaster recovery plan. These are essential in streamlining the existing business processes for the maximum efficiency.

The large-scale technological advancements that affect businesses across the world, such as the increase in consumer and organizational data and the increasing automation in the various business processes, are causing companies to seek system integration market services. The rapid transition toward cloud solutions owing to their reduced costs, increased collaboration efficiency, and high flexibility they offer to its users contributes to the market growth during the forecast timeframe.

The segmentation of the industry by end use indicates that IT and telecom are anticipated to hold the significant share in the system integration market owing to the rising demand for broadband and communication services across the regions. China, for instance, has introduced a five-year plan to provide internet connectivity to rural and underserved locations, generating a demand for these services. Additionally, changes in the technological landscape, such as the evolution of 5G networks and migration from wired to wireless services, and the increase in IT and business consultancy services.

The rising demand for internet connectivity has led to an increased requirement of hardware and software solutions in the IT and telecom industry, consequently leading to the expansion of system integration market. The emergence of advanced technology in communication services and a paradigm shift of the customer base from wired to wireless services has massively propelled system integration industry from the IT & telecom sector. In this regard, it would be prudent to mention that China has a pivotal role to play in augmenting the regional system integration industry size from IT applications, primarily on account of the evolution of 5G networks and a rise in business consultancy services. China in fact, has even launched a five-year plan to provide internet connectivity to rural areas.

Browse key industry insights spread across 250 pages with 259 market data tables & 41 figures & charts from the report, System Integration Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/system-integration-market

End-use segmentation of the system integration market indicates that the BFSI and the IT and telecom sectors are expected to dominate in terms of market size during the forecast timeframe. This is due to the increasing proliferation of cloud technologies, Bring-Your-Own-Device (BYOD) trends, and the influx of consumer data, such as financial and personal consumer information. The government and utilities sector are anticipated to exhibit growth during the forecast timeframe. This demand is due to the rising government focus, primarily in Germany and UK, on the deployment of smart grids and the movement towards sustainable, non-conventional power solutions causing the adoption of system integration services such as building management systems, data integration, and security management systems by authorized service providers.

The rapid industrial growth in the industrial and manufacturing sector and the high growth of the number of SMEs, primarily in parts of South East Asia, is promoting the regional system integration market. Government initiatives in the form of subsidies, financial support, and expertise to regional players allow them to establish themselves and gain traction in the global marketplace. For instance, under the Make in India strategy, the government is providing a 25% grant to SMEs for the expenditure incurred on audit subject to a maximum of USD 1,500, which is anticipated to fuel the system integration market in the coming years.

In the recent years, the advent of Industry 4.0 and the rising prominence of IoT have mandated the interconnection of various disjointed hardware and software solutions throughout the organization. The system integration market demand is further amplified in larger companies or organizations having operations dispersed over a large geographical area to synchronize their various applications to function cohesively in a converged environment. This is done to reduce issues such as data duplication and redundancies. Additionally, the implementation of these solutions allows the organization to reduce the overall costs sustained by having multiple hardware and software applications from multiple vendors such as resource and space consumption and the need for running constant separate security checks.

The players operating in the system integration market include HCL Technologies Limited, CSC, Tech Mahindra, Dell, Inc., GTL Limited, IBM Corporation, Capgemini, Accenture, Hewlett-Packard, and Oracle Corporation. Companies operating in the market adopt a wide range of strategies comprising new service launches, upgrading and expansion of the existing services, and partnership agreements with other players to sustain the long-term growth in the industry.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Blog: http://industry-source.org

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